Student Achievement Information
Information on Retention and Graduation Rates in the Patterson School of Accountancy
The per year average over the past 5 years of students joining the PSOA as freshmen was 178.8 per year. A total of 83% of these students are retained to the second year in the Bachelor of Accountancy program (with 90% retained to the sophomore year at UM in general).
The 5 year average of the graduation rate of students who are part of the PSOA as juniors and graduating from UM with the Bachelor of Accountancy degree is 60.29% – and graduating from UM in general is 81.25%.
Information on CPA Exam Pass Rates in the Patterson School of Accountancy
The PSOA launched a CPA Review course as an elective in its master’s programs back in 2009. The course is ACCY 615 “Accounting, Audit, Business, and Regulation” and provides 3 hours of academic credit.
Students taking the course are highly successful in passing the actual CPA exam while they are in the course. The pass rate on individual sections of the exam for students in the course has averaged 83.1% over the past six years. This corresponds to 1120 passes in 1348 attempts over the six-year period.
In addition, students taking the course are being recognized for their success. In 2018, PSOA students swept the gold, silver, and bronze medals awarded by the Mississippi Society of CPAs for CPA exam performance in Mississippi. In 2019, PSOA students won the silver and bronze medals in Mississippi awarded by the MSCPA. In addition, in 2018, one of our students (Joseph Rebentisch) received the prestigious Elijah Watts Sells Award for averaging greater than 95.5 on the 4 sections of the exam. In 2020 (based on 2019 exam performance), we have 2 students who will receive the Elijah Watts Sells Award including Sarah Heuerman and Kellie Shannon.
Internship Program in the Patterson School of Accountancy
The PSOA launched a formal internship program in the 2003-2004 academic year. The program allows students to receive academic credit for internships in the spring, summer, or fall semesters.
The spring internship program is designed to allow students to intern for 10 weeks on a full-time basis and then return to campus to take two required senior year courses during the last 7 weeks of the semester. Two courses are taken online during the internship and thus students can earn 12 hours of academic credit in required courses while also interning full-time for 10 weeks.
The PSOA has enjoyed all-time high numbers of spring interns for several consecutive years. During spring 2019, there were 212 interns in 19 different states and 2 countries. There are also generally 20 to 30 interns in the summer each year and 5 to 10 interns in the fall. Approximately 95% of spring interns are in public accounting with the others in industry.
Employment of Master’s Graduates in the Patterson School of Accountancy
Virtually 100% of students graduating from one of the PSOA master’s programs secures full-time employment by graduation (or within 3 months after graduation). For the 2018-2019 academic year, 190 master’s graduates have secured full-time employment opportunities in 20 different states. Greater than 98% of these employment positions are in public accounting. The states include Alabama, Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Illinois, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nebraska, North Carolina, New York, Tennessee, Texas, Virginia, and Washington.